PPB to see normalisation in crushing margins on low material prices

PETALING JAYA: PPB Group Bhd is expected to witness normalisation of the crushing margins within its grains and agribusiness segment, driven by the downtrend in raw material prices.

MIDF Research pointed towards the ongoing consolidation in wheat prices, noting that the commodity had declined to an average of US$363.8 per tonne in the second quarter of 2023 (2Q23).

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